Core Insights - Fiserv has experienced significant stock decline following a disappointing earnings report, losing nearly half its value in one day last October and currently trading at a low P/E ratio of 10 [1][6] Company Overview - Fiserv is a leading global payment processing company with over $21 billion in trailing-12-month revenue, typically showing healthy growth [2] - The company has faced recent challenges, including a third-quarter report that fell below expectations and a reduction in full-year guidance [2] Financial Performance - In the latest earnings report, Fiserv's earnings per share (EPS) were $2.04, which was $0.60 lower than Wall Street expectations, and sales declined 1% to $4.92 billion, missing the expected $5.36 billion [3] - Management has revised full-year EPS guidance to $8.55, down from a previous range of $10.15 to $10.30, and revenue growth is now forecasted at 3.5% to 4%, significantly lower than the prior guidance of 10% [3] Legal Issues - Fiserv is currently facing a lawsuit from shareholders alleging misleading claims regarding its Clover payment platform, claiming the company inflated comparable sales growth by switching clients from other platforms [4] Market Position - Despite the challenges, Fiserv remains a leader in the payment processing industry with a strong software-as-a-service (SaaS) model that relies on recurring revenue, serving thousands of clients and millions of merchants [6] - The company is highly profitable, which may indicate that the current low stock price could represent a buying opportunity rather than a value trap [6] Strategic Initiatives - CEO Mike Lyons has initiated the One Fiserv Action Plan, focusing on long-term client service and operational excellence, and plans to enhance the use of artificial intelligence (AI) in its platform [7] - An enhanced partnership with ServiceNow has been announced as part of this strategic plan [7] Investor Outlook - It may take time for Fiserv to regain investor trust and for the stock to recover to previous highs, but the current price may warrant a second look from investors [8]

Fiserv's (NASDAQ: FISV) stock price plummeted by 70% last year, including a one-day decline of 44% in October 2025 following its third-quarter earnings results. The company's growth projections took a big hit, and things proved more fragile than believed. The stock now trades at a decade-low valuation as we enter 2026, but is it a good stock to buy? Let's dive into the business to find out. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy rig ...

Giverny Capital Asset Management, LLC, an investment management company, recently published its fourth-quarter 2025 investor letter. A copy of the same can be downloaded here. The Portfolio returned 0.01% compared to 2.66% for the S&P 500. YTD, the fund returned 12.58% compared to 17.88% for the Index. The firm faced a challenging fourth quarter and calendar year, despite solid appreciation. The outperformance of a few large technology companies has negatively impacted performance, given the portfolio's und ...

Group 1: Market Overview - In Q4 2025, the S&P 500 returned 2.7%, with yearly gains reaching 17.9% [1] - Since the 2007-08 financial crisis, the S&P 500 Index has increased tenfold, achieving positive results in 15 of the last 17 years [1] - High valuations have made investors cautious, particularly due to returns being concentrated in a few stocks [1] Group 2: Sector Performance - Information technology and communication services led performance in 2025, although results varied significantly within those sectors [1] - The forward PE of the S&P 500 Index aligns with historical averages when excluding the "Magnificent 7" [1] Group 3: Fund Performance - The Hotchkis & Wiley Large Cap Disciplined Value Fund outperformed the Russell 1000 Value Index in both Q4 and the full calendar year [1] - Positive stock selection contributed to the Fund's relative performance [1] Group 4: Company Focus - Fiserv, Inc. - Fiserv, Inc. (NASDAQ:FISV) was highlighted as a leading detractor for the Fund, with a one-month return of -3.29% and a 52-week loss of 70.64% [2] - As of January 29, 2026, Fiserv's stock closed at $63.43 per share, with a market capitalization of $34.48 billion [2] Group 5: Fiserv, Inc. Analysis - Fiserv is recognized for its scale, diversification, and ability to compound earnings at a double-digit rate, making its current valuation attractive [3] - A sharp reset occurred in Q3, with a material cut to the FY25 outlook due to a significant miss in the Financial Solutions segment [3] - The new CEO indicated that FY26 will be a transition year, resetting the long-term growth algorithm to a lower baseline [3] - Once earnings stabilize, Fiserv is expected to offer strong topline growth, margin expansion, and cash generation [3]

Core Insights - Embedded finance is expected to grow significantly as various players integrate financial services into mobile applications, enhancing user experience and accessibility [1][2] Group 1: Embedded Finance Trends - Embedded finance will become a common aspect of daily life, with financial activities integrated into social media and other frequently used applications [2] - This integration allows brands to engage customers in their financial activities directly within the platforms they use [2][3] Group 2: Fintech Banking Charters - Several fintech companies, including Affirm Holdings, Checkout.com, Fiserv, PayPal Holdings, and Stripe, have pursued banking charters recently, indicating a trend towards fintechs becoming banks [4] - The process of obtaining a banking charter is selective, and not all companies will receive approval, as it depends on specific circumstances and regulatory considerations [5] Group 3: Agentic Finance - There is an anticipated increase in agentic finance, which will provide consumers with guidance on personal finance, including account management and financial product recommendations [6]

ServiceNow and Fiserv expand strategic commitment to accelerate AI-driven transformation of financial servicesJan 28, 2026 4:10 PM Eastern Standard Time# ServiceNow and Fiserv expand strategic commitment to accelerate AI-driven transformation of financial servicesShare---By scaling ServiceNow AI throughout operations, Fiserv will elevate operational excellence while enhancing resiliency and stability across IT and client experiencesSANTA CLARA, Calif. & MILWAUKEE--([BUSINESS WIRE])-- [ServiceNow](NYSE: NOW) ...

NEW YORK, Jan. 27, 2026 /PRNewswire/ -- Zelle today reported that in 2025 it continued to scale its network, expanding access to more community banks and credit unions seeking real-time payment capabilities: Continue Reading Zelle Sign-Ups and Adoptions by Bank and Credit Union Asset Size in 2025 "Zelle already reaches 80% of U.S. bank and credit union accounts and last year was about widening access – deliberately and at scale," said Denise Leonhard, general manager of Zelle. "Deployment looks very differe ...

Core Insights - The Value Fund achieved a return of +0.4% for 2025, significantly impacted by a -4.3% drag from currency headwinds due to a weakening U.S. dollar [1][2] - The fund underperformed compared to broader market indices, with the S&P/TSX returning +31.7%, S&P 500 +12.5%, and DJIA +9.7% [4][5] - The "Magnificent Seven" tech stocks contributed 42% of the S&P 500's gains, highlighting a concentration of performance among a few large-cap names [5] Currency and Market Dynamics - The fund maintains a long-term strategy of not hedging against currency fluctuations to avoid high transaction costs, despite short-term volatility [3] - The performance of the S&P 500 was driven by a few key companies, indicating a lack of broad market participation [4][5] Investment Philosophy - The fund emphasizes discipline in investment strategy, avoiding overvaluation despite market trends, and prioritizing capital preservation [7][8] - The fund's management acknowledges the challenges of being a value investor in a market characterized by high valuations and irrational risk-taking [9] Portfolio Performance - Alphabet Inc. was the top performer in 2025 with a return of +64.8%, driven by its strong position in web search and advancements in AI technology [15][20] - American Express contributed +24.7% to the fund, benefiting from strong revenue growth and a premium consumer base [21][22] - Compagnie Financière Richemont gained 41.8%, with positive sales growth in China and a strong luxury market position [23][24] Underperformers - Fiserv Inc. was the worst performer, declining by 67.3% due to deteriorating fundamentals and a reassessment of growth quality [27][28] - Lululemon Athletica fell 45.7%, facing challenges in growth sustainability and external shocks from U.S. trade policy [32][34] Strategic Adjustments - The fund has adopted a defensive posture entering 2026, with cash and equivalents representing 14.7% of the portfolio [14] - The fund actively managed its portfolio, selling out of four positions and initiating three new ones, reflecting a focus on valuation disparities [36] Future Outlook - The fund remains optimistic about Alphabet's future, citing its ability to leverage AI across its product suite and maintain a competitive edge [20] - The management team is focused on long-term ownership and disciplined investment strategies, with an average portfolio turnover of just 12.4% over the past five years [41]

Core Insights - Fiserv has partnered with Affirm to integrate buy now, pay later (BNPL) capabilities into its debit card programs, responding to consumer demand for flexible payment options [2][4] - The collaboration aims to enhance customer engagement and transaction growth by allowing issuers to embed BNPL into existing debit products [5] Group 1: Partnership Details - The partnership is designed to provide community and regional banks and credit unions with the ability to meet evolving consumer expectations for payment flexibility [3] - Affirm and Fiserv will handle all technical aspects of the integration, combining Affirm's real-time underwriting and loan origination capabilities with Fiserv's digital solutions [4] Group 2: Market Context - The announcement follows Affirm's plans to establish a bank subsidiary, Affirm Bank, which aims to diversify its platform and offer more financial products [6] - Consumers who are likely to use BNPL have average credit card balances that are $1,128 higher than those who are unlikely to use it, indicating a significant financial behavior trend [7] Group 3: Consumer Behavior Insights - Habitual BNPL users hold average credit card balances of $5,181, which is approximately 60% higher than non-users, reflecting a shift in how households manage short-term credit [7][8] - The trend of using BNPL is seen as a strategy for managing timing mismatches between income and expenses rather than reckless spending [8]

Core Insights - Fiserv has announced an exclusive collaboration with Affirm to integrate pay-over-time capabilities into debit card programs for financial institutions, allowing them to meet consumer demand for flexible payment options without developing new lending products [1][2] Group 1: Collaboration Details - The partnership builds on a previous integration in 2022, enhancing Fiserv's commitment to innovative debit solutions for financial institutions [2] - The collaboration aims to provide community and regional banks and credit unions with a scalable way to offer payment flexibility through existing debit products, enhancing customer relationships and engagement [2] Group 2: Benefits of the Integration - The integration will manage all technical aspects, allowing banks and credit unions to offer Affirm's flexible payment options seamlessly without operational lift [5] - Debit cardholders will have the option to split eligible purchases into fixed payments with a clear repayment schedule and no hidden fees, directly from their bank's mobile app [5] - Consumers will have access to Affirm's network of nearly 420,000 merchants, enabling them to apply for flexible payment options and expand their purchasing power [5]